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Reporting on regulatory requirements, enforcement actions, and best practices to safeguard financial institutions and markets against cyber threats, data breaches, and vulnerabilities through proactive measures.

Data Privacy
CBA Pays Record Penalty for Breaching Consumer Data Right Rules
By Sanday Chongo Kabange | 10/12/2025
The penalty comes after CBA failed to enable data sharing for some business accounts, forcing customers to use less secure workarounds.

Data Privacy
China Consults on Draft Mandatory Data Security Risk Assessment Rules
By Sanday Chongo Kabange | 09/12/2025
New draft measures mandate annual assessments for handlers of "important data" and look to standardise risk reporting across industries.

Fraud, Scams & Cybercrime
Taiwan Suspends Xiaohongshu for One Year Over Cyber, Fraud Risks
By Mark Johnston | 05/12/2025
Taiwan authorities are blocking the Chinese social media platform after it failed security assessments and was linked to TWD 247 million in scam losses.

Payments & Settlements
Philippine Proposes Rules Targeting Payment System Disruptions
By Sanday Chongo Kabange | 05/12/2025
The BSP’s draft rules mandate new incident reporting timelines and detailed business continuity plans for participants of the Peso RTGS.

Cybersecurity
FSS Korea Probes Coupang Pay, Gmarket After Major Data Breaches
By Mark Johnston | 05/12/2025
The FSS is scrutinising payment systems at major e-commerce platforms amid concerns over inadequate cybersecurity investment in the sector.

Cloud & Infrastructure
RBI Issues Guidelines for Digital Banking Channels
By Nithya Subramanian | 03/12/2025
The updated digital banking rules consolidate guidelines and strengthen authorisation, security and customer protection as online and mobile services expand.

Cybersecurity
China to Give Public Security Officials Powers to Conduct Cyber Inspections
By Mark Johnston | 03/12/2025
2018 rules will be updated to institute annual cyber and data security checks on operators of critical information infrastructure by public security authorities.

Anti-Money Laundering
Indonesian Authorities Collaborate to Protect Financial Sector Integrity
By Nithya Subramanian | 02/12/2025
Indonesia’s OJK, PPATK and BSSN signed new cooperation pacts to reinforce AML/CFT measures and bolster cybersecurity across the financial sector.

Custody & Infrastructure
Korea FSS Issued Stern Warning to Upbit Over Crypto Hack
By Manesh Samtani | 02/12/2025
The regulator signalled it would take strong measures in response to the $30 million theft at Upbit linked to North Korean actors.

Fraud, Scams & Cybercrime
Malaysian Telcos Activate MyDigital ID to Curb Mobile Fraud
By Nithya Subramanian | 02/12/2025
The rollout includes Single Sign-On (SSO) integration with the national digital identity platform, enhancing safeguards against account breaches and phishing attempts.
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